The Asheville citizen. [volume] (Asheville, N.C.) 1885-1889, 1887-04-15

OF us OF every degree believe 1
Asheville. We have present, on
we will make future.
20. The universal favorable in
/ preston that the place makes upoi
all visitors The general commen
is What bustling, stirring, wild
awake town; 1 have -seen nothin
like it SOUTH
''3. The welcome given to strang
ers. courtesy shown to all, club hos
pitalitis extended, business and so
cial ditto.
'4. The steady and increasing
demand for real estate, the advanc,
in prices( mo Birmingham infation)
but actual sales for hardly earnet
| dollars. The continued sound O
saw and hammer lover one hundred
dwellings are now in course of cree
tion9.
IS. The establishment Of cottor
factory, a furniture factory, a sho,
factory the daily inquiry of live
men seeking the further establish
ment of smaller industries.
"6 The resources of our surround.
ing country with its virgin forrest;
of walnut, chesnet, cherry oak, ash
hernlock, spruce, etc. The devel.
opment of minerals,-gold, nickle
maganese, iron, mica, and her hay
producing capacity.
81. The ever increasing popula-
ton of both town and surrounding
country. The natural advantages
we possess as a distributing point.
"The belief that we are the only
city west of the Blue Ridge able to
cope with Knoxville. The knows
edge that we are drawing from her
some of her trade, and the further
fact that we are encroaching daily
on Danyille and other tobacco mar
.1ets.
"Asheville makes no step back
ward. She dreams of no past her
people are tenacious of the future
they plant their pegs and work to
them. A tooth ,ld insures founda-
lion, and then they build and keep
on building"
REAL ESTATE IN AsHEVILLE.
During the past eighteen months
cr two years real estate values have
oeen advancing rather rapidly.
However, from what l have been
able to learn, there does not appear
to be any Imitation" prices ruling,
but the increase has been solid, and
based on what might be termed
legitimate boom. There are no
Birmingham fancies'' in real estate
in Asheville. and 1 know no place
that promises to pay better on the
investment than this. l had talk
with Mr. A. Lyman concerning
this subject, and herewith present
his interview. I asked him:
GLOW are prices in real estate
ruling in Asheville now?"
Business lots $I25 to $I5o per
front foot and residence lots in the
desirable portion of our. city from
SIS to 25 per front foot"
"What has been the per centage
of increase in prices within two
years?"
"Ishould say that average increase
in real estate within and just with
out the corporate Limits of our city
has been from 100 to $50 per cent.
and in some cases improved resi-
dence lots in desirable part of Ashe-
vile, as well as lots for business
purposes, have appreciated 200 per
cent and more"
us much capital coming to Ash
eville at PRESENT."
81 regret to say that there is moth
ing like the needed capital for the
proper development of our resources
and for business enterprises to be
had in Asheville. Mon-y COM
mands high rate of interest and
there few places where capitalists
could find better and safer field for
investment.
"Give me some instances of in
creased values lately"
"One lot bought of me for 81 700
cash, was sold one week after for
s., boo. Two lots, which sold on
March 10 for 5000 a piece, found a
ready sale ten days after at$I.,oo
each. The purchaser of good.
unimproved farm, containing I34
acres, situated two and half miles
from town, was offered thousand
dollars for his bargain before he re-
ceived the deed to the property -
"What is your candid opinion
about the growth and development
of Ashevillel"
"The growth and development of
our city, though steady and healthy
during the past five years, is, in my
opinion. nothing to what it is likely
to be in the near future"
"What are some of .Asheville's
strong points for inviting people
and capital9"
Its fine bracing climate, bringing
health and pleasure seekers from
all parts of our country, and the, ex
,cellent opportunity for manufacture
lug from wood, making cigars, ciga
rettes. Our water power is unex-
celled anywhere in the world A
paper mill, for instance, would pay
handsomely
ANOTHER REAL EsTAE TALK.
Mr.. Walter B. Gwyn was in hi.
office when 1 called this morning
He is one of the best posted men II
| Asheville in real estate. and h wore
may be taken as authority. | asked
him:
MMr Gwun rive me some idea,